BRITISH GAS DRIVES FOR BIG ROLE IN WORLD OIL AND GAS

Roger Vielvoye International Editor The metamorphosis of British Gas plc (BG) from a cash rich, state owned U.K. utility into a global oil and gas operator is turning the company into a major player on the world exploration and production scene. BG has set an ambitious goal of generating 40% of its revenue from E&P and 20% from its global gas operations by the end of the century. The remaining 40% will come from U.K. gas operations, which last year had revenues of 7.6 billion ($12.7 billion)

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